People's United Bank Work Values

Daily Duties at People's United Bank:

Responsible for managing Interest Rate Risk (IRR and EVE) modelling to assist management in understanding balance sheet dynamics (asset or liability sensitivity) via up and down shock, ramp and pivot scenarios, etc; (Monthly production of sets of reports to ALCO, T&F and the Board). Managed a team of three analysts in support of ALM functions within the Treasury. Quarterly reconciliation of EVE profile with OTS (the regulator) evaluation and find causes of variances and guided ALCO with explanation of variances. Responsible for Bank-wide budgeting and forecasting and assisted planners to model planned volumes and spreads of the products within Bancware. Back-testing of NII, prepayment assumptions, and other model inputs. Modelling investment securities to assist the portfolio manager on income sensitivity of the securities using a variety of prepayment assumptions. Data modeling in Bancware Data Integration (BDI) to provide feed for monthly production. Accomplishments: - Compute time of processing People’s Balance sheet in Bancware model was reduced 20% due to aggregating loans without losing essential information. - Improved forecasting of income with model enhancement to factor “out of the model” forecasting of volumes from historical data.Improved forecasting of DDA volume by modeling seasonality. - Introduced static gap reports for smaller business units to manage their interest rate risk.Enhanced the model to accurately represent the amortizing commercial swaps that the bank had in their books. - Worked to fine-tune the settings of ADCo(third party vendor to provide prepayment speeds for FIs) to close the gap between model generated prepayment speeds and actual realized prepayment speeds. - Undertook the task of validating model calculated cash flows for different instruments with Excel cash flow tie-outs. - Fine-tuned betas for indeterminate maturity deposits to accurately reflect the current trend. - Set up an automatic process to obtain actual contractual margins on new business for all instruments for every month and tracked them against forecasted margins.

What they like about People's United Bank:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

Tags

Asset Liability Management, Counterparty Credit Risk, BASEL III, Liquidity Risk Management, Incremental Risk Charge, Funds Transfer Pricing, Credit Value Adjustment, Credit Risk Modeling, Interest Rate Risk Management, Market Risk Management, SQL, ACCESS, VBA

Skills

Detail Oriented, Financial Forecasting, Budgeting, Forecasting, Variance Analysis, Financial Accounting, Statistical, Report Writing, Presentation, Ecommerce Strategy and digital marketing channels optimization - SEO, SEM, email, affiliates - for high-profile accounts.

These are some of the questions we asked our climbers about their experiences with People's United Bank: